Many good trading opportunities come from chasing after prices. If you don’t dare to chase after a rise, the price may continue to rise, and many significant losses are caused by holding on to losing positions, believing that a decline cannot continue, only to find it keeps falling.
Chasing after rising prices and cutting losses is actually much harder than we imagine, because of human nature and the lack of psychological preparation.
If you feel you have this issue and have missed many opportunities, you might want to train your instinct by trying to trade with amounts between 10U and 100U. For stocks you believe in, buy immediately with 100U without looking at the price; the feeling of making the right decision far exceeds the thrill of making a wrong one, helping to build positive feedback. The same goes for stuck positions; the hardest part is taking the first step. Once you take that step, you will gradually accept the loss, so that when better opportunities arise, you won't be unable to act because your position is already trapped. #BTC上攻11万? #美国加密立法或将重启 #加密市场调整 #币安Alpha公布第8批项目